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#1281
Las Vegas Restaurants For Sale

Great Opportunity - Profitable Neighborhood Mini Market Near the Strip

$125,000
Great Opportunity - Profitable Neighborhood Mini Market Near the Strip
This Listing is Expired
Selling Restaurants presents this great business opportunity with an annualized cash flow of $89,259 and a selling price multiple of 1.4 times cash flow. The foreign owner has returned to their home abroad and this Neighborhood Mini Market is now available.

The current monthly sales exceed $25,000. The low monthly rent of $1,800 (with no CAM) is further reduced by $800 generated from space-lease arrangements with a slot machine company, and a pay phone company. Please note that a gambling license is not required for this arrangement. The initial term of the lease expires May 30, 2013, plus a 5 year option.

The store is located approximately 0.6 miles east of the Las Vegas strip in an urban area that has a strong walk-in base of customers from the local neighborhood. With 1300 square feet, the store sells groceries, soft drink, beer and wine, dairy, cigarettes, cigars, and even exchanges propane tanks. Services are also provided for check cashing, money gram, money order, and food stamp redemption. Average inventory is approximately $40,000 and is an addition to the price of the store.

This is a United Business Brokers of Nevada, Inc. listing. Take the next step and select one of the orange buttons below to get the name and address and to see additional pictures.
Agent Jerry Sprecher

Lease

Region:
Las Vegas Restaurants For Sale
Lease Term:
expires May 30, 2013 + 5 year option
Total Monthly Rent:
$1,800
Security Deposit:
$1,800

Operations

Liquor License:
beer & wine
# of Full-Time Employees:
1
# of Family Employees:
1
Hours Open:
M-F -- 7:30AM - 9:30PM
Sat & Sun -- 8:00AM - 9:30PM
Year Established:
unknown - several years

Facilities

Inside Sq. Ft.:
1,300

Highlights

  • Annualized cash flow of $89,259
  • Selling price multiple of only 1.4 times cash flow
  • Current monthly sales exceed $25,000
  • $800 added income from slots and pay phone
  • Rent of $1800 (with no CAM)
  • Lease expires May 30, 2013, + 5 year option
  • 1300 square feet
  • Average inventory is approximately $40,000
  • Near the strip
  • Turnkey operation

Financing

Will SBA Finance:
No
Will Seller Lend To Buyer:
No

Demographics

Population 1-mi. 3-mi. 5-mi
2014 Total Population 30,317 115,770 437,244
Households 1-mi. 3-mi. 5-mi
2010 Number Of Households 14,421 48,395 169,459
2010 Persons Per Household 2.15 2.37 2.54
Median House Value $130,107 $132,795 $118,800
Income Per Household $33,862 $33,747 $36,923
Businesses 1-mi. 3-mi. 5-mi
2009 Number Of Businesses 3,190 7,452 17,896
2012 Number Of Employees 323,220 526,948 884,810
2012 Total Annual Payroll $4,294,967,295 $4,294,967,295 $4,294,967,295

click for more demographic info

Disclaimer

DISCLAIMER: The User (that's you reading this) of this Website understands that Stone Path Brokerage Services, Inc. ("Broker") or its agent(s) do not audit or verify any above information given to or gathered by Broker or its agent(s) from Seller, our Client, or make any warranties or representations as to its accuracy or completeness of the information provided, nor in any way guarantee future business performance. The User should perform a complete and detailed due diligence on the business and or real estate before buying it in addition to seeking professional advice from an attorney as well as a CPA.  In some cases, forward looking statements may have been made but these statements are absolutely no guarantees of future performance of the business as each User has differing skills sets to either grow the business or kill the business.  Owning a business is a risky venture, but can also be a rewarding one.  The User of this website is solely responsible to examine and investigate the Business and or real estate (if included in the sale), its assets, liabilities, financial statements, tax returns, and any other facts which might influence the User's purchase decision or the price the User is willing to pay. In most cases, the Broker represents the Seller who is our principal, but the Broker owes the User a duty of fair and honest dealings.  Any decision by User to purchase the Business shall be based solely on User's own investigation and the User's legal, tax, and other advisors and not that of Broker or its agent(s). Any listing information may change at any time without any notice to User and User should often review the listing on the website to keep up to date.


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